ACWA Power records lowest close since March 2024

21/05/2025 Argaam Exclusive

Shares of ACWA Power Co. fell by 4% to close today, May 21, at SAR 274, its lowest close since March 2024.

 

The stock hit an intraday low of SAR 270. A total of 860,000 shares were traded at a turnover of SAR 230 million.

Year High (SAR) Year Low (SAR)
496.84 267.87
Highest Since Debut (SAR) Lowest Since Debut (SAR)
496.84 62.67

Adding today’s decline, the stock’s total losses year-to-date reach more than 40%.

Market Data :

Open 243.40
Low 241.70
High 250.00
Previous Close 243.00
Change (3M) 8.14 %
Change (6M) (24.34 %)
Market Value 185,260.63
Avg. Volume (3M) 433,926.55
Avg. Turnover (3M) 96,723,041.75
Avg. Transaction (3M) 5,965.94
Change(12M) (45.35 %)
YTD (39.31 %)

Since its debut, ACWA Power has carried out one adjustment to its capital in 2024 through bonus share distribution.

 

The company recommended a capital hike via a rights issue at a value of SAR 7.12 billion. It was given a go-ahead from the Capital Market Authority (CMA) on the move.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Right Issue   7,664.90 4.63%
2024 Split   7,325.62 0.20%
2021 IPO   7,311.00 13.21%

Financial Performance :

Overview :

Established in 2008 under the name of International Company for Water and Power Projects, the company initially operated as a Saudi closed joint-stock with  capital of SAR 2.92 billion in Riyadh. The company was converted into a public joint-stock company in 2021 and subsequently changed its name to ACWA POWER Co. in early 2022. The company’s main scope of business includes water and energy supply services, encompassing the development, investment, operation, and maintenance of power...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 185,260.82
Shares Outstanding ((M)) 766.49
EPS ( Riyal) (TTM) 2.36
Book Value (BV) ( Riyal) (Latest announcement) 29.08
Recurring P/E More than 100
Price/book 8.63
Dividend Yield (%) (Last Year) 0.18
Return on Average Assets (%) (TTM) 3.03
Return on Average Equity (%) (TTM) 8.27
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 213,140.36
EV/adj EBITDA 93.20
EV/Revenues 29.61


Analyst Estimates :

109.13

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Sell Hermes 297.03 109.13 (63.26 %)

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